Our call of the day, from Piper Jaffray research analysts Michael Olson and Yung Kim, offer a $1 reason to keep believing in and buying streaming giant Netflix.
. Still to come, Case-Shiller home prices, consumer confidence and new home sales.
“Little or no upside.” It’s a bit cheerless, but that’s what strategist Barry Bannister at broker Stifel Nicolaus thinks of the S&P 500 right now. OurAs Bannister explains the S&P can’t go much higher because it isn’t going to get much help from the earnings department — the price-to-earnings ratio for companies is being capped by positive real rates and earnings are slowing sharply.
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Freight Startup Flexport Hits $3.2 Billion Valuation After $1 Billion Investment Led By SoftBankFreight isn't sexy, but it's big business. A $1 billion investment led by SoftBank's Vision Fund now values freight forwarding startup Flexport at $3.2 billion.
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